condominium building

Condo Living 101: Daily Habits and Money-Saving Tips

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With thousands of amazing condominium buildings on the rise these days, it’s not hard to believe that more people are opting to live in such modern spaces. For one, most of these residential buildings are situated in the heart of the city. Younger workforce can have their living spaces near their offices and even plenty of amazing leisure establishments and nightlife.

So, whether you’re still looking for the perfect condo for sale or already moved into one, here are some lifestyle habits and tips to make the most of your vertical living:

  1. Be friendly with neighbors

Living in a condominium community is a perfect chance for you to easily meet new people. Say hello or wave when you pass a neighbor or invite those you’re already talking to for a meal or party at your place. Besides having social connections, being friendly with neighbors is recommended particularly for safety reasons, especially if you’re living alone. In case of any emergency or safety concern, you readily have someone who can help you instantly or check up on you.

  1. Live by the 2-minute rule

This simple technique is created to stop people from procrastinating but is also ideal for those who live in particularly smaller spaces. The rule is simple: If you can get a task done in two minutes, do it. This can be making your bed, folding throw blankets, washing your face, or doing the dishes. And if you’re living in a particularly smaller condo unit, most of your house chores would probably fall into this category. Adopting this simple habit will help keep your condo space spotless and organized.

Moreover, the 2-minute rule isn’t just ideal for decluttering your space, but also your mind. Scale down your yoga or meditation in two minutes. Read one book page or write a few lines on your gratitude journal. Pick up a new habit that you can scale down!

  1. Don’t skip preventive maintenance checks

Living in a condo unit does require minimal maintenance and upkeep, but that doesn’t mean you should be laid back. Regularly check your HVAC system, plumbing, and even electrical wiring to ensure the safety and performance of such equipment at your unit. This also prevents costly repairs or premature replacement.

If you don’t have the knowledge to perform maintenance inspections, talk to the management of your condo. Most condominium buildings readily offer regular preventive maintenance checks. But if yours doesn’t, you can ask if they can recommend reliable professionals.

  1. Know where your money goes

Understanding where your money goes is necessary if you want to save money. After all, moving into a new living space already take a significant amount of your money. If you’re not tracking your spending and expenses yet, this is the time to do it. Look at your bank statements and receipts for the past three months to have a clear picture of your spending. Doing so will allow you to see where you can make adjustments and save money.

  1. Pay bills on time

This is a no-brainer, but if you just move into your condo unit, you’ll need to start reviewing and going over your budget again. Take a few minutes to list down all the new expenses you’d be paying for the following months. Generally, these include maintenance fees, heat and water bills, electricity or cable TV costs, and garbage collection fees. Paying these in time will help you avoid late or penalty fees, which can add up over time. You can set up auto payments for convenience.

  1. Set your financial goals

Setting financial goals is necessary, particularly if you want to make your condo living smoother. You can start saving for a big space renovation in the future, new furniture, or probably, a single-family house outside the city. Most common financial goals include debt payment, emergency fund, personal savings, retirement, vacation, or even a business.

Determining your goals will enable you to be more intentional with your purchases. Living in the heart of the city, surrounded by shopping malls and food places can make budgeting or saving a challenge.

Modern vertical living is mostly popular for people who love the convenience and minimal living. You only need to worry about little maintenance – no mowing the lawn or shoveling the snow. You get to live near the top essential establishments, from grocery stores, shopping malls, coffee shops, and even natural parts. And if you’re intentional enough, you can save money from maintenance and repairs compared to living in a single-family home.